PayTech

Telegram's battle with the American authorities has ended with the social media app agreeing to pay back all the proceeds made from its cryptocurrency project and to pay a hefty fine.

FinTech companies, RegTech ventures, InsurTech startups and challenger banks raised money in the last week. This is what you can learn from the 20 FinTech rounds we reported on.

Challenger bank Pockit has been forced to freeze all customers' accounts because of the Wirecard scandal and tells users to go to local welfare assistance schemes if they can't pay for their essentials.

Holvi, the digital banking platform for freelancers, has become the latest FinTech firm to be swept up in the Wirecard scandal.

Several companies using Wirecard's payment processing solutions have found themselves having to suspend their services, but Revolut is not one of them.

Payment startup Curve has warned its customers that their services will be disrupted because of the Wirecard scandal having prompted the Financial Conduct Authority (FCA) to freeze all of the payment giant's assets.

As the Wirecard scandal continues, UK-based FinTech ANNA Money has been forced to suspend all of its cards and accounts. Its customers are not happy about it.

Cross-border P2P payments and money transfers company MoneyGram has inked a new deal with Digital Financial Services to empower eWallet customers to make cross-border money transfers.

The collapse of German payment giant Wirecard has taken another turn as the UK's Financial Conduct Authority (FCA) has ordered the FinTech's British branch to cease all regulated activities.

Belgian bank KBC is from now on enabling its customers to use wearable technology to conduct contactless payments.